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Hot stock: Genting Singapore sheds 1.9% on heavy trading after dismissing potential deal rumours

Elysia Tan

Elysia Tan

Published Mon, Jul 18, 2022 · 10:53 AM
    • Genting Singapore's shares fell as much as 5 per cent or S$0.04 in the early part of the trading session, but recovered slightly to S$0.77 as at 11.42am, down 4.4 per cent or S$0.035 with 16.9 million shares traded.
    • Genting Singapore's shares fell as much as 5 per cent or S$0.04 in the early part of the trading session, but recovered slightly to S$0.77 as at 11.42am, down 4.4 per cent or S$0.035 with 16.9 million shares traded. PHOTO: SPH MEDIA TRUST

    MAINBOARD-LISTED Genting Singapore lost 1.9 per cent or S$0.015 on Monday (Jul 18) to finish the day at S$0.79, after the company said on Sunday that it is not aware of nor involved in any ongoing discussions on a potential transaction involving the company. 

    The group’s shares fell as much as 5 per cent or S$0.04 in the early part of the trading session, but recovered some ground in the second half of the trading day.

    Genting Singapore was the most actively traded counter by volume on the Singapore Exchange on Monday, with some 38.9 million shares changing hands.

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